FOREIGN CREDIT WATCHDOG AGENCY TO BE SET UP.

Moscow will establish “in thenear future” a special Federal Center for Project Financing to supervise thedisbursement of funds from international agencies, Segodnya reported May 15.Economics minister Yevgeny Yasin told the paper that some of theseinternational aid funds had been used “ineffectively.” Other observers havecharged that corrupt officials have siphoned off much of this aid forthemselves.

Dividing The Profits Of Privatization.